Hershey Company is a leading American confectionery manufacturer renowned for its wide range of chocolate and non-chocolate candies, snacks, and other treats
Founded on the principles of quality and innovation, the company produces iconic brands such as Hershey's chocolate bars, Reese's peanut butter cups, and Kit Kat. In addition to its famous chocolate products, Hershey also offers various sweet and savory snacks, catering to diverse consumer preferences. Committed to sustainability and social responsibility, Hershey engages in initiatives focused on sourcing cocoa ethically, supporting local communities, and promoting healthier snacking options.
Shares of chocolate company Hershey (NYSEHSY)
jumped 6.9% in the pre-market session after the company reported strong fourth-quarter results, which blew past analysts' gross margin and organic revenue estimates. Looking ahead, Hershey expects at least 2% revenue growth in 2025, but earnings are projected to decline due to continued pressure from high cocoa prices and increased operating expenses. Overall, we think this was a decent quarter with some key metrics above expectations.
Let's have a look at what is happening on the US markets in the middle of the day on Thursday. Below you can find the top S&P500 gainers and losers in today's session.
Chocolate company Hershey (NYSEHSY) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 8.7% year on year to $2.89 billion. Its non-GAAP profit of $2.69 per share was 13.3% above analysts’ consensus estimates.
Let's have a look at what is happening on the US markets before the opening bell on Thursday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
The U.S. Department of Agriculture said Wednesday that six dairy herds in Nevada have tested positive for a strain of bird flu associated with a man's death in January.
It's a mixed session on Wall Street, with major indices struggling for direction as investors hold their breath ahead of a key jobs report set for Friday morning. The S&P 500 and the Nasdaq 100 edged up 0.3%, while the Dow Jones slipped 0.1% and small caps held steady.
Regarded as defensive investments, consumer staples stocks are generally safe bets in choppy markets. The flip side is that they frequently fall behind growth industries when times are good,
and this was the reality over the past six months as the sector’s flat performance trailed the S&P 500’s 16.8% gain.
Worried about market drops and tariff news? Discover why short-term volatility shouldn’t derail your long-term investing strategy, with lessons from Amazon and other market giants. Stay focused on innovation, not fear.
What has Wall Street been buzzing about this week? Here is a look at the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of Jan. 27-31, 2025.
